Revenue from table games play at Pennsylvania casinos was $59.9 million in August 2012, according to a report released today by the Pennsylvania Gaming Control Board. That represented an 11.1% increase in gross revenue from table games during August of this year compared to August of 2011.
The monthly report, posted on the Board’s web site, www.gamingcontrolboard.pa.gov, also shows that tax revenue generated from table games this August was $8.7 million. Pennsylvania taxes gross revenue from table games at 14% for nine of the casinos and 16% for two other casinos that opened within the past two years.
Coupled with a report posted earlier this month on the agency’s web site on slot machine revenue during August 2012, combined gross gaming revenue for table games and slot machines this past month was $270,445,771. That amount is 6.9% higher than the combined $253,049,424 in slot machine and table games gross revenue in August 2011.
Combined tax revenue from slot machine and table games play during August of this year was $122.2 million, or 4.2% above the total taxes generated in August 2011.
About the Pennsylvania Gaming Control Board
The Pennsylvania Gaming Control Board was established in 2004 with the passage of Act 71, also known as the Race Horse Development and Gaming Act. Pennsylvania’s first new state agency in nearly 30 years, the Gaming Control Board is tasked to oversee all aspects of the state’s casino industry. The 11 casinos in operation all offer both slot machine and table game gambling, employ over 16,000 people, and collectively generate an average of $4 million per day in tax revenue. A portion of that money is used for property tax reduction to all Pennsylvania homeowners; provide funds to the Commonwealth’s horse racing industry, fire companies, a statewide water and sewer project grant program, and the state’s General Fund; and, established a new stream of tax revenue to local governments that host casinos for community projects.
A wealth of information about the Gaming Control Board’s regulatory efforts and Pennsylvania’s gaming industry can be found at www.gamingcontrolboard.pa.gov. At this website, visitors can watch Board meetings live or view videos of past meetings, look up future meeting schedules and past meeting transcripts, obtain information on identifying a gambling problem and gaining assistance, access an interactive map of casino locations, request a speaker for their group, along with much more information. You can also follow the agency on Twitter by choosing @PAGamingControl.
